Morgan Stanley Joins Citigroup, Bank of America in the Doghouse:
NEW YORK (TheStreet) -- Morgan Stanley
shares have had a rough 2012, underperforming those of major competitors by so large a margin that the bank is now lagging even perennial post-crisis losers Citigroup and Bank of America according to certain metrics.
Morgan Stanley shares have risen just 4.69% through Tuesday, well behind Citigroup, the next-worst performer among the largest six U.S. banks with gains of more than 19% so far in 2012. Bank of America, still the top performer in 2012 despite having lost more than 15% in the past month, has seen its shares rise more than 40% after a dismal 2011 performance.
Shares are up less than 5% in 2012 while shares of most peers have posted gains closer to 20%
Morgan Stanley shares now trade at just 6.5 times estimated 2013 earnings, compared to Citigroup's 6.68 and Bank of America's 7.33 multiple according to data from Bloomberg. Wells Fargo, which commands the highest multiple to 2013 estimates of the big six U.S. banks, is at 8.98.
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NEW YORK (TheStreet) -- Morgan Stanley
shares have had a rough 2012, underperforming those of major competitors by so large a margin that the bank is now lagging even perennial post-crisis losers Citigroup and Bank of America according to certain metrics.
Morgan Stanley shares have risen just 4.69% through Tuesday, well behind Citigroup, the next-worst performer among the largest six U.S. banks with gains of more than 19% so far in 2012. Bank of America, still the top performer in 2012 despite having lost more than 15% in the past month, has seen its shares rise more than 40% after a dismal 2011 performance.
Shares are up less than 5% in 2012 while shares of most peers have posted gains closer to 20%
Morgan Stanley shares now trade at just 6.5 times estimated 2013 earnings, compared to Citigroup's 6.68 and Bank of America's 7.33 multiple according to data from Bloomberg. Wells Fargo, which commands the highest multiple to 2013 estimates of the big six U.S. banks, is at 8.98.
...
Click to view a price quote on MS.
Click to research the Financial Services industry.
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